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Foreign shipowners hit by new tax on ocean freight in China

Foreign shipowners alone will have to charge a six percent value added tax from their Chinese customers, starting this August. Danish and international shipping interests are now acting.
BY OLE ANDERSEN

Danish and international shipping interests are now beginning to stir for real, following a long period of uncertainty regarding the consequences of new tax laws in China, which mean that a six percent value added tax will be introduced in August on the price foreign carriers will have to charge from their customers in China. Chinese carriers are exempted from the new tax.

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